Convergence is the global network for blended finance. We generate blended finance data, intelligence, and deal flow to increase private sector investment in developing countries.
Our global membership includes public, private, and philanthropic investors as well as sponsors of transactions and funds. We offer this community a curated, online platform to connect with each other on blended finance transactions in progress, as well as exclusive access to tailored trainings and original knowledge products such as case studies and reports. To accelerate advances in the field, Convergence also provides grants for the design of vehicles that could attract private capital to global development at scale.
We exist because traditional development aid from public and philanthropic sources is just not enough to realize the United Nations Sustainable Development Goals (SDGs) which face an annual $2.5 trillion funding gap.
At Convergence we believe that blended finance can disrupt traditional development finance as we know it, by attracting private sector funds to developing countries in volumes never before seen. The money's there, $2.5 trillion represents less than 1% of global finance markets.
By using catalytic capital from public or philanthropic sources to scale-up private sector investment in developing countries, blended finance has the potential to result in as much as a ten-fold increase in investment. In fact, based on our data, blended finance has already mobilized over $140 billion.
We're going to bring this number into the trillions.
What We Offer
Deal flow & Networking
Online deal & investor matchmaking platform and in-person member convenings
Learning & Capacity Building
Trainings to advance blended finance knowledge
A Global Network
206+ public, private & philanthropic member institutions
Data & Intelligence
Original blended finance knowledge and analysis
Grants for the design of innovative blended vehicles
Joan M. Larrea
Chief Executive Officer
Chief Financial Officer
Managing Director, Europe
Managing Director, Africa
Robert van Zwieten
Managing Director, Asia-Pacific
Associate Director, Client Services
Manager, Training and Engagement
Aaron de Mello
Manager, Market Acceleration and Design Funding
Head of Communications (interim)
Alejandro Diaz Loyola, CFA
Senior Associate, Design Funding and Engagement
Andrew Apampa, CFA
Senior Associate, Content
Associate, Training and Engagement
Manager, Content (on leave)
Associate, Finance and Operations
Head of Communications (on leave)
Board of Directors
Senior Advisor, EMPEA and Founder, Cordiant Capital Inc. (Chair)
Global Managing Partner, Dalberg Global Development Advisors
Managing Partner and Co-Founder, Capria
CEO, Draper Richards Kaplan Foundation
Senior Advisor, Endeavor
Co-founder, BIDUK Indonesia; Founder & CEO, Athena Global Alliance
Founding Partner, Posaidon Capital
Independent Director, Bank of the Philippine Islands Capital Corporation; Principal Investment Officer, IFC (former)
DC Green Finance Authority Board Member
Rockefeller Foundation Fellow
Partners and Funders
Convergence was conceived under the World Economic Forum and the Organisation for Economic Co-operation and Development's Development Assistant Committee's (OECD-DAC’s) ReDesigning Development Finance Initiative. Convergence was designed and launched by the Global Development Incubator and Dalberg Advisors.
We are funded by
Market builders, key stakeholder committed to building the blended finance ecosystem
Toronto, ON M5C 1T4,
United Nations Crescent, Gigiri,
Nairobi, Kenya 00621